China Govt Source: Report on China reducing its UST buys is based on wrong information

Dhwani Mehta FXStreet

Reuters quoting a Chinese government source, citing that the report on China considering reducing or stopping purchases of the US Treasuries (UST) could be based on wrong information.

The Chinese government source further added that China’s investment in the US Treasuries is market-driven and that the country has been diversifying its fx reserves investment.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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